My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

Much more accurate & protective than a general number.

The fee they are charging you might be higher than the limit set in the law; the law might not require you to provide a copy of the lease; and they might not be able to assess, levy or charge a fee or fine or otherwise impose a requirement on a member's rental property any differently than on an owner-occupied property in the association.

When you are a new investor and want to build you will pay 2-3x more than you expected and it will take about 4-6x as long as you think going ground up.

I now know I need to raise my credit score a few more points and raise the 10% down payment amount for the bridge loan.

Therefore, the cash flow each month will be much higher than the second scenario.However, the second scenario is MUCH LESS out of pocket.

BP has 3M and I could tell you that my guess is far less than 1% raise money from investors.

do you think a pre-engineered tent is less expensive than building the structure?

@Chris MartinAgree5-6 years ago when blockchain rage was saying all real estate will be on blockchain - still have yet to see a way blockchain is used where it has added benefitThe odds of getting counties all to buy into this and fire the clerks working at recording office for last 30 years is not gonna happen.Similar to seeing “fractionalized” real estate - which to me is no different than a public company and owning shares - you have a cap table.

They are more than qualified, just don't want to go through the vetting process.